Forex Trail – 2 July 2012
For the first time in five days the shilling strengthens against the dollar, if only in a small way.
Why We Value Experiences more than Material Things
A bad case of buyer's remorse, or just a little fun?
CCK Board Fails To Approve New MTR Rates
MTR rate not lowered as the CCK had promised
Guidelines on Insurance Claim Management
Claim management and insurance policies. How do the new guidelines affect you?
Stocks Watch – 3 June 2012
The NSE 20 Share Index yesterday gained 1.6% to close at its highest level this year, climbing 59.97 points to close at 3,763.91 points from last Friday’s 3,703.94 points. The All-Share Index gained 1.3% to closing at 81.80 points from 80.75 points at the close of trading last…
Closing Bell – 2 July 2012
Image source: FILE HIGHEST VOLUMES Safaricom today had the highest volume of shares traded with 7.46 million shares traded followed by Kenya Commercial Bank with 1.41 million shares traded. Diamond Trust Bank was the third most active counter, with 1.40 million shares traded…
The Truth About the Gadget
In line with switching off fake phones, CCK has launched a campaign dubbed pata ukweli wa mtambo (Get the truth about the gadget), an awareness campaign that is aimed at educating Kenyans on how to check if a phone is genuine or…
New CBK Guidelines To Come Into Effect August
The draft Prudential Guidelines and Risk Management Guidelines issued by the Central Bank of Kenya (CBK) for all applicants intending to be licensed to conduct banking, mortgage or financial business in Kenya primary stakeholders and the public for review and comments will come into effect in August.
Trend in Inflation Rate
The Central Bank of Kenya (CBK) monetary measures continue to show desirable results as inflation is on a continued decline. Inflation rates for June 2012, posted by Kenya National Bureau of statistics (KNBS), stand at 10.05 per cent, down from 12.22 per cent in May 2012, a clear…
IRA Issues New Insurance Guidelines
The Insurance Regulatory Authority (IRA) has this morning released three new sets of insurance guidelines that are aimed at enhancing efficiency and transparency in the insurance sector. The guidelines released include: Guidelines on market conduct for insurance investigators and motor assessors: These guidelines set the minimum…
Meet Bragging Barry
Here is what they say “classy rich people do not like to talk about their money; actually, they rarely talk about it.” They are confident about their bank accounts and do not feel the need to prove anything to anyone. Do not get me wrong. Talking about money is not necessarily…
Stocks Watch – 2 July 2012
At the close of trading at the last week, the NSE 20 Share Index closed down 0.16% at 3,703.94 points from 3,709.84 points on Thursday, Bloomberg data showed. Meanwhile, the NSE All-Share index rose 0.77 points to close at 67.91 points on Friday up from 67.39 points on Thursday. According…
No Clearing Charges On Cheques
Last week, The Kenya Bankers Association announced that upcountry banks will stop charging clearing fees on cheques issued outside Nairobi starting this July. Cheques drawn on upcountry and remote towns attracted a commission charge to cater for the costs of transportation and other services associated with the clearing…
Forex Trail – 2 July 2012
Below is a table showing the performance of the Kenya Shilling against major currencies on Friday last week: Source: FILE The Kenya Shilling depreciated against major currencies on Friday, losing 0.1% against the US dollar to trade at KES 84.23 compared to…
Trapped in the Cycle of Poverty
We make more money only to fund higher lifestyle – street smart finance
1
